I hate to tell you this, but even with a rebuild there's still no guarantee that you're going to save the bottom end. It'll be alright with normal aspiration, but any sort of power adder will kill it quite easily if your tune or fuel system is lacking in any way.
Also, you stock oil pan has a windage tray built into it, so there's really no need for a second. And unless you plan on really pushing the engine hard with some sort of power adder, the FRPP oil pump is really overkill.
For the work and money involve, you would probably be further ahead just picking yourself up a used, low mileage engine out of an Explorer or something. You should be able to get one for somewhere in the $800-$1,500 range and you'll gain the benefit of the higher flow PI heads and the added weight savings of the aluminum block. Not to mention you won't need to tear into the engine....which trust me....having been a person who's done it on a couple of occasions, is a big plus.